Save on 2015 BMW 5 Series Insurance Quotes

Feel like you’re a prisoner to an overpriced auto insurance policy? Trust us when we tell you many consumers feel financially strained by their auto insurance policy. Popular companies such as State Farm, Farmers Insurance, GEICO and Allstate all claim big savings, bombarding you with TV and radio ads and it can be hard to sift through the bull and effectively compare rates to find the best deal.

If you have insurance now or are just looking to switch companies, you can use these tips to shop for the lowest rates and possibly find even better coverage. Buying car insurance is not rocket science. Drivers just need to know how to shop their coverage around online.

Are you getting all your discounts?

Auto insurance companies don’t necessarily list every discount very clearly, so we researched both well-publicized and the harder-to-find ways to save on insurance. If you’re not getting every credit you qualify for, you’re just leaving money on the table.

  • Drive Safe and Save – Drivers who don’t get into accidents may receive a discount up to 45% less for 5 Series coverage than less cautious drivers.
  • Resident Student – Any of your kids living away from home attending college without a vehicle on campus may qualify for this discount.
  • Clubs and Organizations – Affiliation with certain professional organizations is a good way to get lower rates on your policy for 5 Series coverage.
  • Payment Method – By paying your policy upfront instead of making monthly payments you may reduce your total bill.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and qualify for as much as a 10% discount.
  • Sign Online – Certain companies will give a small break for buying your policy digitally online.
  • Passive Restraints – Vehicles with factory air bags or motorized seat belts can get savings of up to 25% or more.
  • Drive Less and Save – Fewer annual miles on your BMW can qualify you for better rates on cars that stay parked.
  • Sign Early and Save – A few companies offer discounts for signing up prior to your current policy expiring. It can save you around 10%.
  • Homeowners Discount – Owning a house can help you save on insurance due to the fact that maintaining a home shows financial diligence.

Drivers should understand that some credits don’t apply the the whole policy. Most only reduce the price of certain insurance coverages like comprehensive or collision. Just because it seems like you can get free auto insurance, it doesn’t quite work that way.

To see a list of insurance companies offering insurance discounts, click here to view.

Compare Quotes for Insurance Coverage

There are a variety of methods to shop for 2015 BMW 5 Series insurance coverage, but there is one way that is less labor-intensive and much quicker. You can waste hours talking about coverages with local insurance agents in your area, or you can stay home and use online quotes to accomplish the same thing much quicker.

Many popular insurance companies are enrolled in a marketplace that allows shoppers to submit one quote, and each participating company can give them a price determined by their information. This eliminates the need for form submissions to each individual insurance coverage company. To participate in this free quote system, click to open in new window.

The one disadvantage to getting quotes like this is that consumers can’t choose which companies to receive prices from. If you would rather choose specific insurance companies to compare, we have assembled a list of the cheapest insurance coverage companies in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just make absolute certain that you use exactly the same coverage limits and deductibles on every quote. If each company quotes different liability limits you can’t possibly truly determine the lowest rate.

When might I need an agent?

When it comes to choosing the right insurance coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Each situation is unique so your insurance should reflect that For example, these questions may help you determine whether you could use an agent’s help.

  • Do I pay less for low miles?
  • Are my tools covered if they get stolen from my vehicle?
  • Is upholstery damage covered by car insurance?
  • Why am I required to buy liability insurance?
  • Do I need medical payments coverage since I have good health insurance?
  • Do I need to file an SR-22 for a DUI in my state?
  • At what point should I drop full coverage?
  • Do I need special endorsements for business use of my vehicle?
  • What if I don’t agree with a claim settlement offer?
  • Do I have coverage for damage caused while driving under the influence?

If you’re not sure about those questions but a few of them apply, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and can help protect your family.

Coverage specifics

Knowing the specifics of a insurance policy helps when choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. Shown next are typical coverages available from insurance companies.

Coverage for uninsured or underinsured drivers

This protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Auto liability

Liability insurance can cover injuries or damage you cause to other’s property or people in an accident. This insurance protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 50/100/50 that means you have $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability coverage protects against claims such as legal defense fees, emergency aid and court costs. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Coverage for collisions

Collision insurance covers damage to your 5 Series resulting from a collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like hitting a parking meter, colliding with another moving vehicle and crashing into a building. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to get cheaper collision coverage.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills like EMT expenses, hospital visits, rehabilitation expenses and chiropractic care. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. They cover both the driver and occupants as well as being hit by a car walking across the street. PIP is only offered in select states and may carry a deductible

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things such as a tree branch falling on your vehicle, fire damage, hitting a bird, hitting a deer and vandalism. The most a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Saving money is sweet as honey

As you prepare to switch companies, do not reduce needed coverages to save money. There have been many cases where someone dropped comprehensive coverage or liability limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy a smart amount of coverage at a price you can afford, not the least amount of coverage.

Lower-priced 2015 BMW 5 Series insurance is available both online in addition to many insurance agents, and you should be comparing both to have the best rate selection. There are still a few companies who do not provide online quoting and many times these small, regional companies only sell through independent insurance agents.

Other learning opportunities